BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) to Issue Monthly Dividend of $0.06

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYIGet Free Report) declared a monthly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, November 2nd. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock MuniYield Quality Fund III Stock Down 0.6%

BlackRock MuniYield Quality Fund III stock opened at $10.31 on Friday. The company has a 50 day moving average price of $10.78 and a 200-day moving average price of $10.86. BlackRock MuniYield Quality Fund III has a fifty-two week low of $10.28 and a fifty-two week high of $11.46.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

A number of hedge funds have recently made changes to their positions in MYI. CoreCap Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter worth $42,000. EverSource Wealth Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter worth about $44,000. Elyxium Wealth LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter worth $69,000. Finally, Comerica Bank increased its holdings in BlackRock MuniYield Quality Fund III by 22,586.2% in the fourth quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock valued at $72,000 after buying an additional 6,550 shares in the last quarter. 34.01% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniYield Quality Fund III

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BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.

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Dividend History for BlackRock MuniYield Quality Fund III (NYSE:MYI)

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